LOS ANGELES, California, June 27, 2017 — Today Air Lease Corporation (NYSE: AL) announced the placement and recent delivery of one Boeing 737-800 aircraft (MSN 40875) on long-term lease to Travel Service in Prague, Czech Republic.

Travel Service will be receiving two new Boeing 737 MAX 8 aircraft on lease from ALC beginning in early spring 2018, both from ALC’s order book with Boeing.

“We have an excellent relationship with Travel Service, the Czech Republic’s largest airline, and are pleased with the opportunity to expand and modernize their jet fleet with these 737-800 and 737 MAX aircraft, providing efficiency and passenger comfort that will further Travel Service’s competitive edge in the European markets they serve,” said Alex Khatibi, Executive Vice President of Air Lease Corporation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.

About Travel Service

Travel Service is headquartered in Prague, Czech Republic and is the biggest Czech airline company. Since its founding in 1997 it has experienced a huge expansion and beyond the Czech Republic, is currently serving markets in Slovakia, Hungary, Poland, France and Canary Islands. Travel Service operates charter flights, regular flights under the SmartWings brand (since 2004) and private business jets (since 2007). Travel Service planes are flying to more than 300 airports on four continents.